Business Process as a Service Market worth 68.76 Billion US$ till 2022 | Accenture , IBM , Capgemini , Cognizant , EXL , Fujitsu , Genpact and Others.

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The BPaaS Market size is expected to grow from US$ 40.20 Billion in 2017 to US$ 68.76 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. This report spread across 130 Pages, Profiling 10 Companies and Supported with 73 Tables and 42 Figures is now available in this market research.

“Customer service and support business process is expected to grow at the fastest rate during the forecast period”
The Customer service and support business process is expected to witness the highest growth rate during the forecast period, as organizations are seeking for transformation of their customer service operations by decreasing the operational costs, while dynamically scaling up the operations associated to smaller product life cycles.

“Large enterprises segment is expected to hold the largest market share market during the forecast period”
The Large enterprises segment is expected to hold the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of as-a-service models for their business processes.

“Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period”
As Per the Geographic Analysis, the APAC region is expected to witness the fastest growth in the BPaaS market, due to the increased adoption of BPaaS, owing to its agility, scalability, and efficient pay-per-usage benefits, with an enhanced cloud infrastructure and security. North America is expected to hold the largest market share, owing to the presence of the top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing.

Breakdown of primary participants’ profile:
• By Company Type: Tier1 (40%), Tier2 (35%), and Tier 3 (25%)
• By Designation: C-Level (45%), Director Level (35%), and Manager Level (20%)
• By Region: North America (35%), APAC (30%), Europe (25%), and RoW (10%)

Report Highlights:
• To forecast the size of the market segments with respect to the 5 main regions, namely, North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)

• To define, determine, and forecast the global BPaaS market by business process, organization size, vertical, and region from 2017 to 2022, and analyze the various macro and microeconomic factors that affect the market growth

• To provide detailed information regarding the major factors influencing the growth of the BPaaS market (drivers, restraints, opportunities, and challenges)

• To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total BPaaS market

• To analyze the market opportunities for stakeholders by identifying the high-growth segments in the market

• To profile key market players; provide a comparative analysis on the basis of the business overview, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the BPaaS market

• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and R&D activities in the market

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Target Audience for Business Process as a Service (BPaaS)Market: Cloud service providers, IT companies, Professional and managed service providers, Global BPaaS companies, Government and research organizations, Association and industry bodies, Technology providers.

Most Popular Companies in the Business Process as a Service (BPaaS)Market include are Accenture (Republic of Ireland), IBM (US), Capgemini (France), Cognizant (India), EXL (US), Fujitsu (Japan), Genpact (UK), HCL (India), TCS(India), Wipro (India).

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